FedEx is a global courier delivery services company headquartered in Memphis, Tennessee. The company was founded in 1971 by Frederick W. Smith, and has since grown to become one of the largest and most well-known logistics and supply chain management companies in the world.
FedEx operates through a number of divisions and subsidiaries, including FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. Each division serves a specific set of customers and markets, and is structured to meet the needs of those customers and markets.
FedEx Express is the company's global air delivery division, responsible for transporting packages and documents by air to more than 220 countries and territories. This division is organized into regional hubs, with hubs located in major cities such as Miami, Dallas, Paris, and Hong Kong. From these hubs, smaller sorting centers are used to distribute packages to their final destinations.
FedEx Ground is the company's ground delivery division, responsible for transporting packages and documents within the United States and Canada. This division is organized into a network of regional hubs and sorting centers, with hubs located in major cities such as Chicago, Indianapolis, and Toronto.
FedEx Freight is the company's less-than-truckload (LTL) division, responsible for transporting smaller shipments that do not require a full truckload. This division is organized into a network of regional service centers, with service centers located in major cities such as Los Angeles, Atlanta, and Philadelphia.
FedEx Services is the company's support division, responsible for providing a range of services to other divisions and subsidiaries, including marketing, information technology, and financial services.
In addition to its divisions and subsidiaries, FedEx also operates a number of other businesses, including FedEx Trade Networks, which provides customs brokerage and trade management services, and FedEx Supply Chain, which provides supply chain management and logistics solutions to a wide range of industries.
Overall, the corporate structure of FedEx is highly decentralized, with each division and subsidiary operating relatively independently to meet the needs of its specific customers and markets. This structure allows the company to be agile and responsive to the needs of its customers, while also maintaining a strong focus on efficiency and cost-effectiveness.
Company Structure and Facts
The above analysis suggests that FedEx is pursuing the differentiation strategy. Retrieved February 20, 2020. Fortune 100 best companies to work for. Born in 1944 in Marks, Mississippi, Frederick W. In this essay, the reader will be able to recognize the organizational culture of Etihad Airways, which is one of the biggest well-known airways in the airline industry.
The FedEx has fierce competition with the UPS, and the differentiation is used for head-to-head competition. Retrieved July 26, 2019. Retrieved September 18, 2013. E-tailing began to work for some major corporations and smaller entrepreneurs were started around year 1997. FedEx anticipated growth in ecommerce and planned to start FedEx Home Delivery to co-op specializing in business-to-consumer e-tailing. Retrieved April 6, 2022.
In addition, the Audit and Finance Committee will periodically review the Company's Code of Conduct, which sets forth the basic ethical principles all Board members, officers, employees, and contractors must follow, and recommend any proposed changes to the Board of Directors for approval. In addition, members of the Company's senior management routinely attend Board meetings and Board committee meetings and, together with other managers, brief the Board and its committees on particular topics. The industry is very challenging and changing with the change in technology. Frequently, a remarkable diverse combination of qualities and standards, administer the cultural environment of an organization. In Operating independently, each different subsidiaries, manages its own special network of services available. The Board of Directors, upon the recommendation of the Compensation and Human Resources Committee, will establish the form and amount of compensation paid to non-management Board members.
Exploring SWOT analysis — where are we now? Caliber had developed its expertise in moving raw materials, plates of steel bars and managed in work-in-progress. Retrieved May 30, 2019. In such a scenario, organisations utilise strategic management tools to evaluate their climate and their competitive role in the market in order to improve strategic management tools and implement their business strategies to respond to the market and competitors effectively Amason, 2011; Lynch, 2012. The companies in this industry has the major challenge with regard to the information, as it is becoming the core business in this industry. If a director or an immediate family member of a director of FedEx Corporation has a direct or indirect material interest in the transaction, the proposed change shall also be reviewed and preapproved by the full Board of Directors of FedEx Corporation, and the interested director shall not participate in any recommendation or decision regarding the change. Chamber of Commerce Foundation.
FedEx bought over Caliber System in January 1999 and the aim was to enhance the reach of business to business coverage while catering to increasing demand from internet based buying. The purchasing company sets the quality bar high for the people in the company to be acquired. Following matrix are used to analyze the existing strategy. Microsoft also has a kind of matrix structure which works along with the flat structure. As described in the Company's policy on review and preapproval of related person transactions, Board members have an affirmative obligation to promptly inform the Executive Vice President, General Counsel and Secretary or his or her designee of most changes in their circumstances, transactions or relationships, including any such changes that may impact their designation by the Board as "independent.
Retrieved January 11, 2022. Is USPS a Government Job? Further data package movement, pickup, invoicing and delivering data to central data base. The Board believes that significant stock ownership by Board members and members of senior management further aligns their interests with the interests of the Company's stockholders. Retrieved March 10, 2011, from FedEx website: epidemic. The company has built unique brand image and heavily invested in infrastructure through capital expenditures, where it is incurring higher fixed costs. McPherson experienced and his assumptions; and then try to address them. Retrieved November 1, 2022.
FedEx involves in many Corporate Social Responsibility programs as a branding strategy by carrying pandas, penguins and whales across the countries to provide them with proper living conditions. The organisation is working with various 67,784 stores in a wide range of nations on the world with a turnover of about £62. Retrieved March 3, 2021. New Yoprk: Cengage Learning, 2009. Safety will be the first consideration in all operations.
Further, for the FedEx services, there is divestment option, but still it is providing a small portion of revenue, so it is not the time to divest. On the other hand, residual income refers to the income an individual remains with after paying debts. Though this type of transportation is considered risky FedEx does this with affection in order to protect them. . Substitute Threats: the threats of substitutes to the transportation service is lower, as this service cannot be replaced easily. Retrieved May 30, 2019. Risk Management Strategies There are three major risks associated with the strategic initiatives, human resource risk, risk of lower returns and non-performance.